Getting into the freight brokerage business can be tough.
Applying for USDOT number, registering with the Federal Motor Carrier Safety Administration, and obtaining a broker license is a complex process. Knowing how to get a license is the first step, but what’s your next action? You’ll need to connect with carriers, work with banks, and most importantly, create a long-term business plan. Not to mention brokerage is a competitive industry. You need to know the ins and outs of transportation and logistics.
But with the right freight broker training, you can succeed in one of the fastest growing sectors of the transportation industry. So, if you’re applying for broker authority, these are five things to look for in a freight broker training course:
Provides In-Depth Training
It’s important to find a course that covers the day-to-day activities of a freight broker, as well as the nuances of the industry. A deep knowledge of transportation law, contracts, insurance, and shipment options is key to attracting clients.
Since you’re running your own business, a freight broker course must teach you how to effectively manage the daily operations. You’ll need to learn best practices for setting up and running your own business as well as the basics of marketing, sales, and billing.
Taught by Qualified Instructors
When comparing freight broker training courses, look at the instructors to ensure they have experience not only teaching others but also working in the industry. The best freight instructors have gone through the process of setting up and running their own brokerage.
Setting up a business is no walk in the park. You’ll have to conduct market research, develop a business plan, establish legal structure, connect with a process agent, arrange a surety bond, and more, before you can even start. This is why learning from a seasoned broker is your best bet. Great instructors have gone through the process of setting up and running their own freight brokerage before.
Breaks Down the Licensing Process
Freight brokers are federally regulated. Dealing with the Federal Motor Carrier Safety Administration can be complicated if you don’t know how to navigate through the licensure process.
A great course will help you understand the federal government’s licensure requirements. When you complete a course, you should be able well on your way to applying for broker authority.
Provides Job Opportunity Resources
When you obtain your freight broker license, you’re responsible for attracting clients and building your business. Solid training programs provide resources, like resource webinars and networking opportunities, to help you build your business after completion.
Like any industry, freight brokering is about knowing the right people. Choose a training program that will connect you to other brokers, agents, and potential partners.
Offers a Convenient Learning Environment
To successfully complete a freight brokerage training course, you need to find one that fits into your life. If you have the time, a traditional classroom program would work. But if you have a busy life or are on the road often, an online program is perfect. In an online course, you can learn from experienced brokers and take the steps to setting up your business on your own schedule.
The most important thing is that you choose a program that works for you and gives you the greatest chance of success.